https://www.taxtmi.com/caselaws?id=389492 The High Court partially allowed the income tax appeal, remanding the case for reassessment on the admissibility of club expenses and confirming the Tribunal's decision on interest disallowance. The court upheld the deductions for business loss on bad debt, bonus payment, and the computation of book profit under section 115JB in favor of the assessee. en-us Wed, 10 Apr 2019 00:00:00 +0530 Tue, 21 Apr 2026 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389492 The High Court partially allowed the income tax appeal, remanding the case for reassessment on the admissibility of club expenses and confirming the Tribunal's decision on interest disallowance. The court upheld the deductions for business loss on bad debt, bonus payment, and the computation of book profit under section 115JB in favor of the assessee. Case-Laws Income Tax Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389492